Both Cranbrook and Kimberley are under the average property tax gap of 2.60 between residential and business for B.C communities: Cranbrook’s property tax gap is 2.57 and Kimberley’s is 2.54.
- From 2010 to 2015, Kimberley lowered its Municipal Property Tax Gap by 6.6% (Total Average Property Tax for Kimberley is $7,178). From 2010 to 2015, Cranbrook lowered its Municipal Property Tax Gap by 15.5% (Total Average Property Tax for Cranbrook is $6,743.)
Cranbrook’s Historic Baker Hotel acquired by Eaton Properties
One of Cranbrook’s great pieces of heritage real estate is taking on a new incarnation, as of this coming autumn.
The historic Mount Baker Hotel, on Baker Street and 11th Avenue South, has been recently acquired by Greg Eaton of Eaton Properties, who will take possession at the end of July 2018. A new anchor tenant for the hotel will be the restaurant Soulfood, which will be taking over the entire main floor of the hotel in October. This includes the old barroom and the restaurant Nikko Sushi, which is being run by the hotel’s current owners, and will remain open until October 1.
Eaton Properties will be renovating the upstairs rooms on the second and third floors, suitable for both nightly and monthly rentals.
“Eventually, the long term vision is to do more of a boutique style hotel, and capture some of that market too,” Eaton told the Townsman.
In a press release issued July 11, Eaton said he has an appreciation for historical buildings, supporting local business and revitalizing the downtown core, and has been looking for an opportunity to do just that.
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